2013-05-15T17:24:09-07:00 2012-12-31 990 2012-01-01 410182070 CATHOLIC UNITED FINANCIAL CATH 6514900170 3499 Lexington Ave N St Paul MN 55126 Harald Borrmann 6517654124 2013-05-15 2012 2016-02-24 21:20:13Z X Harald Borrmann 3499 Lexington Ave N Saint Paul MN 55126 91813201 0 0263 X www.catholicunited.org X 1878 MN Fraternal Life Benefits 9 7 105 0 0 0 0 0 55299911 54821547 33004271 34974093 2919302 2017561 91223484 91813201 0 0 74567270 75322408 6740358 7949061 0 0 0 8521723 8702535 89829351 91974004 1394133 -160803 735615485 773692221 709470824 747194163 26144661 26498058 Fraternal Life Benefits 0 0 0 0 0 Costs associated with the printing of Catholic United Financial's newspaper, The Journey. It is sent out to an estimated 42,000 households bi-monthly. Printing $91,112 and Official Publication $128,936 0 0 0 To promote fraternalism and charity among its members; Provide its members with insurance, annuity or other statutorily permitted benefits that will contribute to the financial well-being of the member. 0 0 0 Annual Convention for establishing bylaws and the election of the board members $75,142, Trade Seminars/Meetings $92,638 (75 estimated meetings and seminars). 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 1 105 1 0 0 0 0 0 0 X 9 7 0 0 0 0 1 1 1 1 1 1 1 1 1 1 1 1 0 1 1 1 0 X Catholic United Financial 6514900170 3499 Lexington Ave N St Paul MN 551268017 Michael F McGovern 37.5 0 X X X X X 453418 0 24619 Harald Borrmann 37.5 0 X X X X 246955 0 17670 Frances M Barten 3 0 X 15310 0 0 George Gmach 3 0 X 19400 0 0 John Maile 3 0 X 17300 0 0 Joseph Kueppers 3 0 X 17410 0 0 Michael J Schmitz 3 0 X 14655 0 0 Deborah Pauly 3 0 X 18410 0 0 Robert F Krattenmaker 3 0 X 17600 0 0 Patrick Brown 37.25 0 X 247662 983 17528 Dean Demarais 37.5 0 X 198993 4701 14374 John Tetzloff 37.5 0 X 181462 498 16979 Michael Bredeck 37.5 0 X 171483 1227 15309 Rick Mathiowetz 37.5 0 X 185536 434 15670 1805594 7843 122149 23 0 1 0 Leonard Street and Deinard 150 South Fifth Street Suite 2300 Minneapolis MN 55402 Legal Services 139107 Wellington Management Company LLP PO Box 13694 Newark NJ 071880694 Bond Advisory Services 170540 Sovran 2915 Commers Drive Suite 100 Eagan MN 55121 Computer Maintenance Assitance 102936 3 0 Premium Income 900099 54284714 54284714 0 0 Program Related Expenses 524113 536833 536833 0 0 0 0 0 0 54821547 141959 0 0 141959 34699394 0 0 34699394 0 0 0 0 53726 0 0 0 53726 0 53726 0 0 53726 132740 0 0 0 132740 0 132740 0 0 132740 Other Investment Income 900001 1963835 0 0 1963835 0 0 0 0 1963835 91813201 54821547 0 36991654 75322408 862747 3880720 1473413 1161960 570221 168307 282253 116199 574720 403602 187773 257378 151641 206265 553118 126892 Sales Expenses 4633122 Operational Expenses 707969 RE Expense Investment Properties 263545 69751 91974004 0 0 0 5466204 5146250 10479063 13535245 0 0 8393 5708 7725363 7306089 294771 472719 750 8954377 4431121 6232992 4523256 655541323 707030945 42094915 27472084 7771711 8199925 735615485 773692221 1621383 3911732 707849441 743282431 709470824 747194163 X 0 0 0 0 26144661 26498058 26144661 26498058 735615485 773692221 X -160803 0 0 0 0 514200 X 1 X 1 X 1 0 1421668 0 1421668 5737795 372662 3369710 2740747 0 0 0 0 1332776 89476 1061411 360841 0 0 0 0 4523256 Life and Annuity Reserves 743282431 743282431 90025551 0 0 0 -1787650 -1787650 91813201 0 0 0 91813201 89865838 0 0 0 -2108166 -2108166 91974004 0 0 0 91974004 SchD_P11_S00_L02d Schedule D, Part XI, Line 2d Statutory Accounting Rules are different from the Form 990 Rules. $322,049 RE Depreciation $1,676,293 Investment Expense, ($422,112.00) Rent Expense, ($2,017,931) Loss on Sale of Ledger Assets, $1,553,965 Profit on Sale of Ledger Assets, $296,318 Profit on Sale of Bonds, $90,828 Gain on Surplus Note, ($24,151) Loss on Surplus Note, $540,038 Gain on Sale of Mutual Fund ($306,327) Loss on Sale of Mutual Fund, and $78,680.00 LLC Income SchD_P12_S00_L02d Schedule D, Part XII, Line 2d $450,925 Refund to Members, $81,011 LLC, ($422,112)Rent Expense, $1,551,145 General Expense to Investment Expense, $125,148 Ins, Lic and Taxes Investment Expense and $322,049 RE Depreciation X 1 1 X X X X 0 0 0 Harald Borrmann 244135 0 1250 0 8254 0 0 0 54163 0 307802 0 0 0 Michael F McGovern 405460 0 1250 0 51412 0 0 0 26709 0 484831 0 0 0 Patrick Brown 216861 0 28270 0 6215 0 0 0 -12098 0 239248 0 0 0 Dean Demarais 187695 0 10998 0 3564 0 0 0 19028 0 221285 0 0 0 Rick Mathiowetz 182140 0 7224 0 1056 0 0 0 22529 0 212949 0 0 0 John Tetzloff 171329 0 10649 0 5868 0 0 0 28700 0 216546 0 0 0 Michael Bredeck 137681 0 32299 0 7588 0 0 0 42466 0 220034 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Spouses of officers are allowed to travel as part of Catholic United's expense to a limited number of conferences. SchJ_P01_S00_L03 Schedule J, Part I, Line 3 Our officer's salaries are reviewed annually by the Board of Directors Compensation Committee... and we use industry salary comparisons supplied by the Employers Association. F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 Catholic United Financial is a not-for-profit fraternal life insurance company that is owned by its members under IRC Section 501 (c)(8), Fraternal Benefit Society. F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a Delegates of the membership vote for officers and board members. F990_P06_S0A_L07b Form 990, Part VI, Section A, Line 7b Per our Constitution, certain fundamental decisions must be approved by the membership. These would include organizational changes, names changes, etc. F990_P06_S0A_L09 Form 990, Part VI, Section A, Line 9 Frances Barten 5716 W 280th Street, New Prague, MN 56071, George Gmach 22600 Oakdale Drive Rogers, MN 55374, Joseph Kueppers 28 Somerset Road Mendota Heights, MN 55118, John Maile 603 Red River Ave South Cold Spring, MN 56320, Deborah Pauly 5276 Highview Drive Jordan, MN 55352, Michael Schmitz 60042 203rd Street Mankato, MN 56001, Robert F. Krattenmaker Box 358 New London, MN 56273 F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b It is reviewed by our Senior Vice President/Secretary Treasurer who is a member of the Board of Directors. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The Conflict of Interest Policy is reviewed annually or as needed throughout the year. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 President and Secretary Treasurer position salaries are reviewed annually by the Board of Directors Compensation Committee. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The organization makes our governing documents available via our Constitution and Bylaws. The financial statment is filed with the State of Minnesota and made available to the public. The Conflict of Interest Policy is not made readily available. F990_P11_S00_L05 Form 990, Part XI, Line 5 Change in Non-Admitted Assets (227,884), Changes in Asset Valuation Reserve (1,344,194), Change in Net Unrealized Capital Gains 322,842, Change in Surplus 348,843, Change in Reserve Valuation Adj 1,414,593 F990_P11_S00_L09 Form 990, Part XI, Line 9 Change in Non-Admitted Assets (227,884), Changes in Asset Valuation Reserve (1,344,194), Change in Net Unrealized Capital Gains 322,842, Change in Surplus 348,843, Change in Reserve Valuation Adj 1,414,593